Friday, March 11, 2016

February 2016 Progress Report

Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income increased in January, extending the streak to 41 consecutive months of increases. As noted in the June 19, 2015 post, in July 2015 I changed to reporting on total dividend income instead of just income from my Dividend Growth Portfolio.

Since I began tracking my total income progress, annualized dividend income has increased in 41 of the last 41 months.

Dividends Growth Stocks Portfolio

Dividend Changes:
During the month the following securities in my Dividend Growth Portfolio paid a higher dividend (a=dividend stated in annual terms, q=quarterly, m=monthly):

- AT&T, Inc. (T) $0.47q>$0.48q
- AbbVie Inc. (ABBV) $0.51q>$0.57q
- Realty Income Corporation (O) $0.191m>$0.1985m
- HCP, Inc. (HCP) $0.565q>$0.575q 0.01]

For the year, the Dividend Growth Portfolio has recorded a 0.92% increase in dividend income from higher dividends. My goal for the year is a 5.0% increase. Yield on cost is currently 4.66%.

In February, I sold my entire position in COP at large loss. COP was sold to offset the gains generated from the sales of PNY and GAS.

Portfolio Allocaton

 77.5% Dividend Growth Stocks
 09.0% High-Yield
 00.7% High Dividend Growth
 12.8% Debt & Preferred Stock

My long-term target allocation is:

 50.0% Dividend Growth Stocks
 10.0% High-Yield
 10.0% High Dividend Growth
 30.0% Debt & Preferred Stock

Year-To-Date Annualized Portfolio Returns

+00.3% Dividend Growth Stocks
-02.8% High-Yeld
+00.4% High-Growth
+0.0%  Debt & Preferred
-04.5% S&P

For the last two calendar years my Dividend Growth Stocks Portfolio outperformed the S&P 500. Since 2008, the portfolio has outperformed the S&P five of the eight years. Click here for more information on historical performance.

That's it for this time. The next monthly progress update will be in early April.

Full Disclosure: Long, all the aforementioned securities, except COP, PNY, GAS. See a list of all my Dividend Growth Stocks Portfolio holdings here.

Related Articles
- 5 Low Beta, Higher Yielding Dividend Stocks For The Next Downturn
- 7 High-Yield REITs With Growing Dividends
- 26 Income Securities For A Well-Rounded Asset Allocation
- International Diversification May Be Closer than You Think
- 10 Small/Mid-Cap Dividend Growth Stocks Answering The Call

(Photo: Arcelia Vanasse)

Tags: T, ABBV, HCP,